Post by unlawflcombatnt on Apr 5, 2013 11:55:08 GMT -6
American Banks have successfully fleeced $32 billion from Americans in the way of overdraft fees,--which is $400 million more than the previous years.
The banks have done this by scaring Americans into buying overdraft protection, which allows them to overdraw their bank accounts or credit cards without having the transaction blocked--and without them being aware that they are overdrawn.
"Consumers are once again paying more in overdraft fees despite regulations designed to protect them from these charges.
Last year, consumers paid $32 billion in overdraft fees, a $400 million jump from 2011 according to a recent study by Moebs Services. This 1.3% increase came almost entirely from a greater number of overdrafts rather than an increase in the price of the fee.
Overdraft volume during the first quarter of 2012 actually fell to an eleven year low, but the number of overdraft transactions during the last nine months of the year rose 4.4%.
In July 2010, the Federal Reserve required banks to receive permission from each checking account customer before the bank provided overdraft protection for ATM and debit card transactions. If consumers did not “opt in” for this coverage, then debit card transactions made at store level or withdrawals from an ATM machine for an amount greater than the account’s balance would be denied and no overdraft fee could be charged.
But banks have stepped up the marketing of such services and appear to be quite effective at convincing consumers they need this coverage."
from: The Declaration of Independence: "all Men are...endowed by their Creator with certain unalienable Rights... to secure these Rights, Governments are instituted... whenever any Form of Government becomes destructive of these Ends, it is the Right of the People to alter or abolish it"
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Apr 14, 2021 1:41:25 GMT -6
Susan George: Thank You for your support!
Dec 21, 2020 17:18:51 GMT -6
Tonja: I think you need to consult with a professional development team. Start by covering your idea and implementing its design. This should be a company with experience as northell.design
Nov 29, 2020 17:15:41 GMT -6
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Nov 13, 2019 16:18:54 GMT -6
ConGM: Please direct me to the full article by Susan George. Or email to firstname.lastname@example.org.The provided link is broken. I'd like to read it in preperation for a course. Much appreciated.
Nov 13, 2017 15:19:23 GMT -6
ace comando: Well, it took me several days and a lot of code writing to sift through the millions of achieved pages on the Wayback Machine achieves. Was about to give up when a colleague gave me mining script to look at all archived pages whether displayed or not. And
Feb 24, 2017 19:44:10 GMT -6
unlawflcombatnt: I've now changed the colors on the board to something more readable. At least now readers can find the sign-in tab.
Jul 6, 2014 22:58:23 GMT -6
unlawflcombatnt: OldUser-the sign-in area is in the dark area immediately under the red section that says Economic Populist Forum. It's almost impossible to see, unless you know where to look. This was ProBoards idea, not mine.
Jun 12, 2014 11:52:53 GMT -6
OldUser: There's no link on here to sign on or login. Where'd it go?
May 29, 2014 8:44:44 GMT -6
jeffolie: One might short a bull ETF to gain the decay but this requires a margin position subject to changes imposed by the exchanges & brokers
Oct 26, 2013 13:26:07 GMT -6
jeffolie: Holding a stop loss in these algo dominated markets almost always means the algos will hit your stops
Oct 26, 2013 13:20:09 GMT -6
jeffolie: Even so, these leveraged ETFs do not create margin calls nor expiration dates thus allowing one to hold indefinitely
Oct 26, 2013 13:17:52 GMT -6
jeffolie: Yes, the ETF features fading/leveraged decay because the futures and/or options used decay plus the administrative costs rise the decay, declining value ... I accept this as a cost and feature of all ETFs that purchase futures/options to maintain price
Oct 26, 2013 13:15:38 GMT -6
mimzy: jeffolie ~ I've been reading/lurking you for a year or three now and was wondering if your could you explain how you overcome quantum fading/leveraged decay in your ETF short position of the DJIA?
Oct 25, 2013 20:46:26 GMT -6